The Bank of Canada announces its sixth rate increase since March 2022. Raising the Prime rate to 5.95% with efforts to combat Inflation.
Every Quarter, the Bank of Canada releases its Business Outlook Survey and Consumer Expectations Survey to analyze Canadian businesses and individuals’ general perceptions and current operations. The two combined allow the Bank of Canada to forecast future market trends and gather a broad range of economic perspectives. Below, find the … Read More
The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1.25% and the deposit rate at 1%. Housing affordability has been a long-run Canadian concern. Since its last announcement in March, the Bank continues to set its course for increased Quantitative … Read More
The Bank of Canada today increased its target for the overnight rate to 0.5% from its previous 0.25% where it has been since March 2020. This change will roughly equate to an increase of $12 per every $100,000 borrowed, depending on the Lender. The Bank is continuing its reinvestment phase, keeping … Read More
Just eight months ago it was easy to quote a mortgage rate on any given day and be confident that’s the rate our client would pay. But that all changed when the federal government’s latest mortgage rules came into effect in October 2016. Previously, multiple lenders would advertise their rates … Read More
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